02/25/2016
Citizens Bank provides $65 million credit facility for Jenne, Inc.
Funds will be used to support growth of leading technology product distributor
CLEVELAND – Citizens Bank announced today that Citizens Commercial Banking has provided a $65 million revolving credit facility to Avon, Ohio-based Jenne, Inc., a leading distributor of IP telephony, data and networking, audio and video conferencing, cloud solutions, and security technology products.
The purpose of the credit facility is to support the continued growth of Jenne, Inc.
“We have been a longtime client of Citizens Commercial Banking and we appreciate the partnership,” said Rose Jenne, Chairman of Jenne, Inc. “The Citizens team brings great ideas and seamless execution to every transaction.”
“Jenne, Inc. is a great client and we’re happy to be able to offer our industry expertise to help company management achieve their strategic and financial goals,” said Joe DiRocco, President of Citizens Bank, Ohio.
For more information, go to Citizens Commercial Banking.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $138.2 billion in assets as of December 31, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle‐market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid‐Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not‐for‐profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
